Cormark Comments on OceanaGold Co.’s Q3 2017 Earnings (OGC)
OceanaGold Co. (TSE:OGC) – Investment analysts at Cormark decreased their Q3 2017 earnings per share estimates for shares of OceanaGold in a research note issued to investors on Friday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.12. Cormark also issued estimates for OceanaGold’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.33 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.08 EPS and Q4 2018 earnings at $0.08 EPS.
OGC has been the topic of several other reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of OceanaGold in a report on Friday, April 28th. Scotiabank reiterated an “outperform” rating and issued a C$5.00 price objective on shares of OceanaGold in a report on Friday, April 28th. BMO Capital Markets reiterated a “market perform” rating and issued a C$4.50 price objective on shares of OceanaGold in a report on Tuesday, June 27th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$5.60 price objective on shares of OceanaGold in a report on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. OceanaGold presently has a consensus rating of “Buy” and a consensus target price of C$5.03.
OceanaGold (TSE OGC) opened at 3.39 on Monday. The firm has a market cap of $2.08 billion and a price-to-earnings ratio of 15.41. OceanaGold has a 52 week low of $3.24 and a 52 week high of $5.11. The stock’s 50 day moving average is $3.88 and its 200 day moving average is $4.16.
In related news, insider Darren Ervin Charles Klinck sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of C$4.57, for a total value of C$114,250.00. Also, Director Diane Renee Garrett sold 27,836 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of C$4.57, for a total transaction of C$127,210.52. Insiders sold 256,636 shares of company stock worth $502,401 over the last 90 days.
OceanaGold Company Profile
OceanaGold Corporation is a gold mining company. The Company is engaged in the exploration, development and operation of gold and other mineral mining activities. The Company’s segments are New Zealand, the Philippines, the United States and All other segments. The Company’s assets encompass its flagship operation, the Didipio Gold-Copper Mine located on the island of Luzon in the Philippines.
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